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How to Pay Vendors with the Payment Journal in Business Central

Open the Payment Journal, run Suggest Vendor Payments to pull in open vendor invoices that are due, review the proposed lines, export the payment file for your bank, then post. The Zentriq Agent can tell you which invoices are due before you even start.

Step-by-step guide

1

Open the Payment Journal

Use the search bar (Alt+Q) and type 'Payment Journals'. Select your journal batch, typically one per bank account.

2

Suggest vendor payments

Click 'Suggest Vendor Payments'. Set the Last Payment Date (invoices due up to this date are included), enable 'Find Payment Discounts' if you want discount deadlines respected, and set the Posting Date. Under Bal. Account Type choose Bank Account and select your bank in Bal. Account No., plus the Bank Payment Type if you pay electronically.

3

Review the proposed lines

BC creates one line per open invoice, or one per vendor if you chose 'Summarize per Vendor'. Check the Applies-to Doc. No. and Amount on each line, delete lines you don't want to pay in this run, and adjust amounts for partial payments.

4

Export the payment file

Click 'Export' to generate the payment file. The format comes from the Payment Export Format on the bank account card, for example a SEPA credit transfer or a Swiss pain.001 file. Upload it to your e-banking for execution.

5

Post the journal

Once the bank has accepted the file, click 'Post'. BC creates the vendor ledger entries and applies each payment to its invoice, so the invoices show as closed.

The faster way with Zentriq

Before you run the journal, ask the Zentriq Agent 'Which vendor invoices are due in the next two weeks?': it reads your open vendor ledger entries and gives you the list with amounts and due dates, and anything it drafts in BC waits for your approval before posting.

Related Zentriq products: Zentriq Agent

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